Civic Intelligence

Closed Loop Foundation Inc

990EZ • Fiscal year 2021 • EIN 47-2452889

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
888 Seventh Avenue 10 FloorNew York, NY 10106

(917) 822-6476

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.33x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-8.1%

Higher net margin than 24% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

Asset Growth

83rd percentile

43%

Faster asset growth than 83% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-80%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$456,206

Up $137,904 (+43%) from 2020

Net Assets

Down

$306,206

Down $12,096 (-3.8%) from 2020

Liabilities

Up

$150,000

Up $150,000 from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin24th percentile

Revenue

Down

$150,000

Down $602,500 (-80%) from 2020

Expenses

Down

$162,096

Down $594,593 (-79%) from 2020

Net Income

Down

-$12,096

Down $7,907 (-189%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2016: $470,817Liabilities 2016: $5,000Net Assets 2016: $465,8172016Assets 2017: $303,152Liabilities 2017: $185,925Net Assets 2017: $117,2272017Assets 2018: $140,644Liabilities 2018: $9,593Net Assets 2018: $131,0512018Assets 2019: $342,491Liabilities 2019: $20,000Net Assets 2019: $322,4912019Assets 2020: $318,302Liabilities 2020: $0Net Assets 2020: $318,3022020Assets 2021: $456,206Liabilities 2021: $150,000Net Assets 2021: $306,2062021Assets 2022: $455,305Liabilities 2022: $150,000Net Assets 2022: $305,3052022Assets 2023: $306,324Net Assets 2023: $306,3242023Assets 2024: $300,959Net Assets 2024: $300,9592024

Highlighted filing

2021

Assets$456,206
Liabilities$150,000
Net Assets$306,206
Open 2021 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $285,000Expenses 2016: $531,652Net Income 2016: -$246,6522016Revenue 2017: $385,000Expenses 2017: $733,590Net Income 2017: -$348,5902017Revenue 2018: $200,000Expenses 2018: $186,176Net Income 2018: $13,8242018Revenue 2019: $350,000Expenses 2019: $158,560Net Income 2019: $191,4402019Revenue 2020: $752,500Expenses 2020: $756,689Net Income 2020: -$4,1892020Revenue 2021: $150,000Expenses 2021: $162,096Net Income 2021: -$12,0962021Revenue 2022: $400,000Expenses 2022: $400,901Net Income 2022: -$9012022Revenue 2023: $151,788Expenses 2023: $150,769Net Income 2023: $1,0192023Revenue 2024: $103,063Expenses 2024: $108,428Net Income 2024: -$5,3652024

Highlighted filing

2021

Revenue$150,000
Expenses$162,096
Net Income-$12,096
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$150,000
Mission and Program Overview

Mission

Closed loop foundation supports research and development of technologies and business models focused on building the circular economy.

Program Services

DescriptionGrantsExpenses
Closed Loop Foundation and The Center for the Circular Economy envisions a future where post-use plastics are reused or transformed into valuable building blocks for new materials. To address the barriers to scaling advanced recycling in North America, we have launched an 11-month project to publish an advanced recycling Investor and Partnerships Roadmap by December 2021.-$150,000
SUPPORTING RECYCLING WORKERS THRU COVID ASSISTANCE AND SUPPLIES-$9,750
The Closed Loop Foundation (CL Foundation) is an independent 501(c)(3) supported by Closed Loop Partners that is building an investment strategy to advance recycling infrastructure in Puerto Rico. The initial effort, with a project period of September 2018 to July 2019, is co-funded by the Coca-Cola Foundation and consists of two stages: (i) Mapping the relevant recyclable materials, stakeholders, and recycling opportunities in Puerto Rico, and (ii) Identifying and selecting one to two pilot projects that will demonstrate the recycling investment opportunity. CL Foundation plans to expand this initial effort in ambition and scope to create additional recycling investment opportunities and demonstration projects in the region with additional partners and in 2019 and beyond.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RON GONENExecutive Director-$0--
KYLE WESTAWAYDirector-$0--
BRIDGET CROKESecretaryPT$0--
PAUL MACHTDirector-$0--
ERIK AVNITreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Closed Loop Foundation Inc
EIN
47-2452889
Phone
9178226476
Address
888 SEVENTH AVENUE 10 FLOOR, NEW YORK, NY 10106

Signing Officer

Name
Ron Gonen
Title
Director
Signed
2022-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Avni & Fogel CPAs PC
Address
151 OVERLOOK TERRACE, EAST HILLS, NY 11577
Preparer
Erik Avni
Phone
7188862054
Supplemental Narrative

Additional Explanations

Other Expenses.1012

“Insurance $821”

Other Expenses.1

“CONSULTANTS $159750”

Other Expenses.2

“FILING FEES $25”

Total Liabilities.1002

“Grants Payable - Beginning $0 Grants Payable - Ending $150000”

Raw XML Appendix160 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Closed Loop Foundation (CL Foundation) is an independent 501(c)(3) supported by Closed Loop Partners that is building an investment strategy to advance recycling infrastructure in Puerto Rico. The initial effort, with a project period of September 2018 to July 2019, is co-funded by the Coca-Cola Foundation and consists of two stages: (i) Mapping the relevant recyclable materials, stakeholders, and recycling opportunities in Puerto Rico, and (ii) Identifying and selecting one to two pilot projects that will demonstrate the recycling investment opportunity. CL Foundation plans to expand this initial effort in ambition and scope to create additional recycling investment opportunities and demonstration projects in the region with additional partners and in 2019 and beyond.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Closed Loop Foundation and The Center for the Circular Economy envisions a future where post-use plastics are reused or transformed into valuable building blocks for new materials. To address the barriers to scaling advanced recycling in North America, we have launched an 11-month project to publish an advanced recycling Investor and Partnerships Roadmap by December 2021.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2SUPPORTING RECYCLING WORKERS THRU COVID ASSISTANCE AND SUPPLIES
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ReturnHeader/TaxPeriodBeginDt02021-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$456,206
Liabilities
$150,000
Net assets
$306,206
Revenue
$150,000
Expenses
$162,096
Net income
-$12,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$3.01$1.03$1.08$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.06$3.06$1.52$1.51$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.55$1.50$3.05$4.00$4.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.56$1.50$3.06$1.50$1.62$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$7.53$7.57$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.42$0.20$3.22$3.50$1.59$1.91
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.10$1.31$2.00$1.86$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.03$1.86$1.17$3.85$7.34$3.49
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.05$4.66$2.85$5.32$2.47